Pro Farmer's Daily Advice Monitor
Receive advice alerts via text message. Call 1-888-582-9212 to learn more.
- Jan. 21: No changes.
- Jan. 20: No changes.
- Jan. 19: No changes.
- Jan. 18: Extend soybean meal coverage. Details below.
- Jan. 14: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
|
Corn |
||
|
Cash-only marketers |
2021 crop: 70% sold 2022 crop: 20% sold for harvest delivery next year. |
|
|
Hedgers — cash sales |
2021 crop: 70% sold 2022 crop: 20% sold for harvest delivery next year. |
|
|
Hedgers — futures/options |
No positions |
|
|
Get current with all advised sales. A push above the December highs would likely trigger additional old-crop sales and we would likely increase new-crop sales at the same time. |
||
|
Soybeans |
||
|
Cash-only marketers |
2021 crop: 75% sold 2022 crop: 20% sold for harvest delivery next year. |
|
|
Hedgers — cash sales |
2021 crop: 85% sold 2022 crop: 20% sold for harvest delivery next year. |
|
|
Hedgers — futures/options |
No positions |
|
|
Get current with all advised cash sales. We are targeting moves above $14.00 in March futures and $13.25 in November futures to increase sales. With old-crop futures above our target, and new-crop near that level, be prepared to increase sales soon. |
||
|
Wheat |
||
|
Cash-only marketers |
2021 crop: 70% sold 2022 crop: 20% forward sold for harvest delivery next year. |
|
|
Hedgers — cash sales |
2021 crop: 70% sold |
|
|
Hedgers — futures/options |
20% hedge in short SRW wheat futures at $7.57. |
|
|
We intend to use the price recovery to extend 2021- and 2022-crop sales. We want to sell another 10% of 2021-crop and 10% to 15% of expected 2022-crop by the end of January. |
||
|
Cotton |
||
|
Cash-only marketers |
2021 crop: 90% sold 2022 crop: 40% forward sold for harvest delivery next year |
|
|
Hedgers — cash sales |
2021 crop: 100% sold 2022 crop: 40% forward sold for harvest delivery next year |
|
|
Hedgers — futures/options |
No positions |
|
|
Get current with advised sales. |
||
|
Livestock |
||
|
Cattle |
1st qtr. 2022 |
0% |
|
2nd qtr. 2022 |
0% |
|
|
3rd qtr. 2022 |
0% |
|
|
4th qtr. 2022 |
0% |
|
|
There's near-term downside risk, but the longer-term price outlook is strong. Our one concern is the impact to demand from record retail prices. |
||
|
Hogs |
1st qtr. 2022 |
0% |
|
2nd qtr. 2022 |
0% |
|
|
3rd qtr. 2022 |
0% |
|
|
4th qtr. 2022 |
0% |
|
|
The cash market and futures should be putting in a seasonal low. Wait on an extended price recovery before hedging. |
||
|
Feed |
||
|
Corn |
1st qtr. 2022 |
0% |
|
2nd qtr. 2022 |
0% |
|
|
3rd qtr. 2022 |
0% |
|
|
4th qtr. 2022 |
0% |
|
|
You are hand-to-mouth on corn-for-feed needs. We are targeting the $5.75 area in March corn futures to extend coverage. |
||
|
Meal |
1st qtr. 2022 |
33% |
|
2nd qtr. 2022 |
0% |
|
|
3rd qtr. 2022 |
0% |
|
|
4th qtr. 2022 |
0% |
|
|
Our target for extending coverage is a drop to the $385 area in March soymeal futures. |
||
